Evaluate the expected performance of Bally's (BALY) for the quarter ended March 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Bally's (BALY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Bally's (BALY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Gambling, Resorts & Casinos Industry | Consumer Cyclical Sector | Mr. Robeson Mandela Reeves CEO | XSTU Exchange | US05875B1061 ISIN |
US Country | 10,000 Employees | 20 Mar 2020 Last Dividend | - Last Split | - IPO Date |
Bally's Corporation, formerly known as Twin River Worldwide Holdings, Inc., is a prominent player in the casino-entertainment industry. After rebranding in November 2020, the company expanded its portfolio, which now encompasses a wide array of entertainment and gaming offerings. With its headquarters stationed in Providence, Rhode Island, Bally's Corporation has established a strong presence across the United States. The company’s operations span 10 states, where it owns and manages numerous casinos. Additionally, Bally's portfolio includes a golf course in New York, a horse racetrack in Colorado, and online gaming operations that cater to a broad audience. Emphasizing its expansion in the digital space, Bally's holds online sports betting (OSB) licenses in 18 states, indicating a strategic pivot towards the growing online gaming and sports betting market. The development rights to land in Las Vegas further underscore the company's ambitious growth strategy and its commitment to securing a significant stake in the future of entertainment and gaming.
Bally's Corporation offers a diversified array of products and services across the casino-entertainment spectrum. These include: